Gary Gensler: "Bitcoin (BTC) is Highly Speculative but 7 Billion People Want to Trade It"
JH Kim
Summary
- Gary Gensler, SEC Chairman, stated that Bitcoin (BTC) is a highly speculative asset, yet 7 billion people want to trade it.
- He emphasized that Bitcoin is perceived as an asset similar to gold, which has existed for 10,000 years.
- Gary Gensler has announced plans to resign from his position as SEC Chairman on January 20th.
According to cryptocurrency-focused media Watcher Guru on the 14th (local time), Gary Gensler, Chairman of the U.S. Securities and Exchange Commission (SEC), stated in an interview with CNBC that "Bitcoin (BTC) is a highly speculative asset, but 7 billion people want to trade it."
He added, "Just like gold has been around for 10,000 years, BTC is the same."
Meanwhile, Gary Gensler has announced plans to resign from his position as SEC Chairman on January 20th (local time).
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
